Economic and Employment Impacts of Small Modular Reactors - SMR

Total Economic Impacts of a Typical SMR. ......................................................................................... 33
Economic Impacts of a Developing SMR Industry .................................................................................. 33
Projected Economic Impacts of the SMR Industry by 2030 .................................................................... 38
Section 5: Concluding Remarks ................................................................................................................... 43
References .................................................................................................................................................. 46
Appendix A: SMR Electricity Generation Market Potential (4 cases) ......................................................... 50
Table of Figures
Table 1: SMR vendors that have submitted letters of intent to certify designs to NRC .............................. 8
Figure 1 -­‐ Projected Domestic Nuclear Capacity (Total) ............................................................................. 16
Figure 2 -­‐ Projected Domestic Nuclear Capacity Additions ........................................................................ 17
Figure 3 -­‐ Projected International Nuclear Capacity (Total) ....................................................................... 18
Figure 4 -­‐ Projected International Nuclear Capacity Additions .................................................................. 18
Table 2: SMR Market Share of New Nuclear Power Facilities ................................................................... 20
Table 3: SMR Case Overview ...................................................................................................................... 20
Table 4: Low Nuclear Adoption Scenario ................................................................................................... 21
Table 5: Moderate Nuclear Adoption Scenario ......................................................................................... 21
Table 6: High Nuclear Adoption Scenario .................................................................................................. 22
Figure 5 -­‐ Projected SMRs Operating in the US .......................................................................................... 24
Figure 6 -­‐ Projected SMRs Manufactured in the U.S. ................................................................................. 25
Table 7: SMR Manufacturing Sectors ......................................................................................................... 28
Table 8: SMR Construction Sectors ............................................................................................................ 29
Table 9: IMPLAN Output Multipliers .......................................................................................................... 31
Table 10: The Economic Impacts of a Typical SMR .................................................................................... 33
Figure 7.a -­‐ Economic Impacts of SMRs Manufacturing and Construction (Sales) .................................... 34
Figure 7.b -­‐ Economic Impacts of SMRs Manufacturing and Construction (Value-­‐Added) ....................... 34
Figure 7.c -­‐ Economic Impacts of SMRs Manufacturing and Construction (Earnings/Payroll) .................. 35
Figure 7.d -­‐ Economic Impacts of SMRs Manufacturing and Construction (Jobs) ..................................... 35
Figure 7.e -­‐ Economic Impacts of SMRs Manufacturing and Construction (Indirect Business Taxes) ........ 36
Figure 8.a -­‐ Economic Impacts of SMRs Operations (Sales) ........................................................................ 36
Figure 8.b -­‐ Economic Impacts of SMRs Operations (Value-­‐Added) ........................................................... 37
Figure 8.c -­‐ Economic Impacts of SMRs Operations (Earnings/Payroll) ...................................................... 37
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